House of the Day: 429 9th Street
This place may be worth it just for the cupola bragging rights! It’s a four-story, 19-foot-wide brownstone that’s currently divided into four full-floor apartments. All four will be vacant by the end of May and have a combined monthly rent roll of $8,800. At the listing price of $1,700,000, you’ll need all that rent to…
This place may be worth it just for the cupola bragging rights! It’s a four-story, 19-foot-wide brownstone that’s currently divided into four full-floor apartments. All four will be vacant by the end of May and have a combined monthly rent roll of $8,800. At the listing price of $1,700,000, you’ll need all that rent to cover your mortgage. What about as a conversion to a single-family or two-family? Well, you gotta figure you’ll be in for more than $2 million when you’re done. How does that stack up for this location? Well, we just heard that 547 9th Street, which we had called “the best deal we’ve seen in a long, long time” when it was listed back in January, sold at auction yesterday for $1,820,000. It’s a floor shorter than this but richer in detail and location.
429 9th Street [Orrichio-Anderson] GMAP P*Shark
Photo by Kate Leonova for PropertyShark
Cute. But not 1.7 millon cute.
I agree the math doesn’t work unless you fall in love with the place and can afford to splurge. However, it’s so uniqure, it might sell at close to ask.
I don’t understand the math on the prospect heights corcoran place linked above. 2.4m, with just 40k income (rent control?) on the 3 apartments? and you live in the v small carriage house? how on earth does anyone make that work?
The corcoran place is amazing.. I would actually consider living in prospect heights to live in that place
Yeah, Kuroko, I don’t understand why appreciating a nice place automatically implies one’s a broker. I also like the listing to which Brooklynnative gave the link. If I suspected anyone of being a broker, it would be certain faded type posters who give over the top praise to clearly undeserving properties; something that I haven’t seen Jerri or Brooklynnative do.
Yeah, Kuroko, I don’t understand why appreciating a nice place automatically implies one’s a broker. I also like the listing to which Brooklynnative gave the link. If I suspected anyone of being a broker, it would be certain faded type posters who give over the top praise to clearly undeserving properties; something that I haven’t seen Jerri or Brooklynnative do.
we just heard that 547 9th Street, which we had called “the best deal we’ve seen in a long, long time” when it was listed back in January, sold at auction yesterday”
Brownstoner let me guess from a broker friend of yours?
I don’t think she can help it, Brooklynnative.
It seems to be in her nature.
Yo Kuroko, this is a site on brownstones. Guess what, it attracts people other than real estate agents who love Brooklyn and who are into brownstones. The link I provided, if you bothered to check it out, is to one of the most unique charming properties I’ve ever seen listed. Don’t be an Asshat.